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NIFTY Intraday Trade Setup For 9 Dec 2024NIFTY Intraday Trade Setup For 9 Dec 2024 Bullish-Above 24860 Invalid-Below 24810 T- 25150 Bearish-Below 24490 Invalid-Above 24540 T- 24250 NIFTY has closed on a bullish note with 2.27% gain last week. It has changed price structure to bullish above 24400. Now it is likely to be a buy on dip market till it trades above 50 EMA in daily TF. Next hourly resistance is placed near 25250 above that post rejection it may hit ATH again. 24860 and 24490 is the range to wait for breakout for a directional move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25150. For selling we need a 15 Min candle close below 24490. T- 24250. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
#nifty50 - 9th December!!NSE:NIFTY Understand the chart, observe the chart, implement according to this : 1. Support and Resistance Zones: - Imagine "support" as a safety net—if the price falls, it’s likely to bounce back up from these levels (like 24,373.90). - "Resistance" is like a ceiling—when the price rises, it may struggle to break through higher levels (like 24,857.75 or 25,101.45). 2. Trendlines: - The black diagonal lines are like train tracks guiding the price upward. As long as the price stays between these tracks, the upward journey is likely to continue. 3. Key Areas (Orange Zones): - The orange areas are hotspots where buyers and sellers fight the hardest. If the price enters these zones, it might pause or reverse. 4. What’s Happening Now?: - The price recently hit a high near 24,857.75 (a ceiling) and is now hanging around a lower level, testing its "safety net" around 24,648.10. - It’s like climbing stairs—if the price breaks through the next step (resistance), it could climb higher. But if it slips below the safety net, it might fall to the next step down. 5. What’s Next?: - If the price climbs above 24,857.75, we might see it reach new highs like 24,949.10 or even 25,101.45. - But if it falls below the support, it might drop to the next level around 24,373.90 or lower. In short, this chart tells a story of a market in an upward trend, but it’s at a critical point where the next move could be either up or down. Not a SEBI Registere [/b ]
NSE:NIFTY
by thetradeforecast
1
Nifty Bearish Reversal to 21800 and 19900. If May fall if 24500 is broken , Targets are based on fib extension. on weekly 23.6 % retracement and Fib extension meeting at 21800. This is likely to happen in coming few weeks or months. once 21800 is broken next target would be 19900. This seems too much however this can be used as best time and level to invest for long term. 19900 is 23.8 % retracement from all time high. This is ideal level for long term investment for 4-5 year horizon.
NSE:NIFTYShort
by HarshalPatkar
Nifty Trading Strategy for 5th December 2024Trading Strategy for Nifty: Buy Strategy: Entry Point: Enter a long position (buy) above the high of the candle that closes above 24585 on a 15-minute timeframe. This means if a 15-minute candle closes above 24585, you will buy once the price exceeds the high of that candle. Stop Loss: Set a stop loss slightly below the low of the breakout candle to manage risk. For instance, if the breakout candle has a low of 24550, you might set your stop loss at 24540 to protect your capital. Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you're risking 45 points (24585 to 24540), aim for a reward of at least 90 points (e.g., a target of 24675). Sell Strategy: Entry Point: Enter a short position (sell) below the low of the candle that closes below 24332 on a 15-minute timeframe. This means if a 15-minute candle closes below 24332, you will sell once the price drops below the low of that candle. Stop Loss: Set a stop loss slightly above the high of the breakdown candle. For example, if the breakdown candle has a high of 24370, you might set your stop loss at 24380 to mitigate risk. Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you're risking 38 points (24332 to 24370), aim for a reward of at least 76 points (e.g., a target of 24256). Risk Management: Use Stop Losses: Always use stop losses to protect your capital and limit potential losses. Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade. Regular Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information. Market Context: Economic Indicators: Pay attention to key economic indicators such as GDP figures, inflation data, and interest rate announcements that can impact Nifty. Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility. Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Note: The author is not SEBI registered. Trade wisely and stay informed! 📈💼
NSE:NIFTY
by ramkkyy
Nifty Forms an Inverse Head and Shoulder PatternNifty 50 index has formed an inverse head and shoulder pattern. Its not a perfect pattern, but it meets most of the criteria to be considered an inverse head and shoulder, the second shoulder is a little shorter. But the Stochastic RSI indicator suggests, that the Nifty is in oversold zone on the daily charts, this could mean a downfall in the short term. Such a downfall would also result in a more perfect inverse head and shoulder being formed and then the final reversal. So what is likely to happen in the next few days to nifty? A Downfall or sideways movement for 3-4 day period, followed by a breakout and uptrend. Things to Note - December is a month where FIIs usually sell. But since they have already sold so much, the likely hood of more selling is less. So it also confirms with the pattern formation that Nifty is likely to end up in Green in December.
NSE:NIFTYLong
by retirewithrohit
3
Nifty Intraday Support & Resistance Levels for 03.12.2024On Monday, Nifty opened flat, made a low of 24008.65, and rallied to a day high of 24301.70, entering the 125m supply zone. It closed at 24276.05, gaining 145 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating range-bound movement. Demand/Support Zones Near Demand/Support Zone (5m): 24008.65 - 24056.85 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support: 23189.88 (61.8% FIBO) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24257.65 - 24354.55 (current price inside the zone) Far Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside daily supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 02.12.2024On Friday, Nifty opened on a positive note, making an open = low of 23927.15, and rallied to a high of 24188.45, closing strong at 24131.10 with a gain of 217 points. After filling the gap and testing the 15m demand zone (23856.15 - 23940.30) on Thursday, Nifty rebounded 315 points from the previous low. On the Monthly Chart, Nifty formed a bearish candle for November, with a long downside shadow, a small upper shadow, and a close below October levels. Demand/Support Zones Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24257.65 - 24354.55 Far Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside daily supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 Key Levels to Watch: Upside Breakout: Above 24355 for a move toward 24448 or higher. Downside Support: A fall below 23927 may test 23731 or lower.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 2 Dec 2024NIFTY Intraday Trade Setup For 2 Dec 2024 Bullish-Above 24190 Invalid-Below 24140 T- 24415 Sell-Below 24060 Invalid-Above 24110 T- 23850 NIFTY has closed on a bullish note with 1% gain last week. It filled the gap created on 25 Nov then recovered and formed a Pinbar candle in weekly charts. 24400 is last swing high in daily TF. Breakout will initiate a bullish reversal move. 50 EMA is also placed at swing high, breakout will turn sentiment bullish. 24190 and 24060 are intraday levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24190 then we will long for the target of 24415. For selling we need 15 Min candle close below 24060. T- 23850. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 2 Nov 2024NIFTY Intraday Trade Setup For 2 Nov 2024 Bullish-Above 24190 Invalid-Below 24140 T- 24415 Sell-Below 24060 Invalid-Above 24110 T- 23850 NIFTY has closed on a bullish note with 1% gain last week. It filled the gap created on 25 Nov then recovered and formed a Pinbar candle in weekly charts. 24400 is last swing high in daily TF. Breakout will initiate a bullish reversal move. 50 EMA is also placed at swing high, breakout will turn sentiment bullish. 24190 and 24060 are intraday levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24190 then we will long for the target of 24415. For selling we need 15 Min candle close below 24060. T- 23850. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 29 Nov 2024NIFTY Intraday Trade Setup For 29 Nov 2024 Sell_1_From 24160 Invalid-Above 24210 T- 23950 Bearish-Below 23840 Invalid-Above 23890 T- 23570 NIFTY has closed on a bearish note with 1.49% cut today. Yesterday we discussed that we need last 3 days range breakout in order to get a directional move. Range broke downside and sell triggered below 24120 and hit first target very smoothly. Tomorrow in case of a pullback towards 24160 we will short from golden fib zone. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 23840 then we will short for the target of 23570. In case of pullback we will short from 24160. T- 23570. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 28.11.2024On Wednesday, Nifty opened flat and traded within a narrow range. It touched a low of 24145.65 and a high of 24354.55, eventually closing at 24274.90, up by 80 points from the previous close. For the past three days, Nifty has been consolidating in the 24100 - 24350 range, signalling indecision. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating the market is waiting for a breakout. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 A breakout beyond 24350 or a breakdown below 24100 could set the tone for the next directional move.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 28 Nov 2024NIFTY Intraday Trade Setup For 28 Nov 2024 Bullish-Above 24360 Invalid-Below 24310 T- 24632 Bearish-Below 24120 Invalid-Above 24170 T- 23848 NIFTY has closed on a slight positive note with 0.33% gain today. Since last 3 sessions index has been trading sideways between 24350 and 24120. In daily TF index is consolidating just below 50 EMA. On breakout of 50 EMA in daily TF overall bullish sentiment will be triggered across sectors. 24360 and 24120 are intraday levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24360 then we will long for the target of 24632. For selling we need a 15 Min candle closes below 24120. T- 23848. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 27.11.2024On Tuesday, Nifty opened with a gap-up at 24343.30, which also marked the day's high. However, the momentum did not sustain, leading to a low of 24125.40, before closing at 24194.50, down by 27 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is also sideways. The Demand & Supply Zones remain unchanged from the previous analysis. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside Weekly Supply Zone) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily Supply Zone) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
NSE:NIFTY
by PriteshPalan
Nifty Intraday Levels | 26-NOV-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
Nifty Intraday Support & Resistance Levels for 26.11.2024On Monday, Nifty opened with a massive gap-up of 346 points, breaking through the 75m and Daily Supply Zones. It touched a high of 24351.55 and a low of 24135.45 before closing at 24221.90, gaining 314 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from Negative to Sideways, signalling cautious optimism. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support (61.8% FIBO): 23189.88 Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside Weekly Supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily Supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
NSE:NIFTY
by PriteshPalan
Nifty: Important Fibonacci Levels and Potential Target levelsWhat is Fibonacci series The series starts with 0,1... From here on the next number is obtained by summing up the previous two numbers. (0,1,1,2,3,5,8,13,21,34,.....) After the initial few numbers dividing a number by the next immediate number, gives us roughly 61.8% (for eg 21/34 = 61.8%) and if we divide by skipping one number we get roughly 38.2% (for eg 13/34 = 38.2%) Also 100-61.8=38.2 The number looks like in balance and holds greater importance. Also we see Fibonacci having a great influence in our nature as well. Most flowers have petal pattern that would be a Fibo number. We can observe Fibonacci in our body as well. Be it bones in our finger or the arm to hand ratio, we can see the golden ratios everywhere. Incidentally the golden ratios work well in Share market as well... Don't believe me... Look at the chart below The recent correction is a Fibonacci retracement of the rally that started from the lows made during India election results to recent highs. Nifty has seen a decent jump which coincides with test of 200 day EMA and 61.8% Fibonacci retracement levels. Once above 24414, there is a strong case for Nifty testing 61.8% and 76.4% retracement levels which is around 25125 / 25566 There is also a gap around 25639-25739 Given the scenario, 25120 / 25550-25750 can be looked as potential target levels Take care and safe trading
NSE:NIFTYLong
by indiamarketoutlook
Nifty Intraday Support & Resistance Levels for 25.11.2024On Friday, Nifty opened with a gap-up, hitting a low of 23359 in the first 15 minutes before a strong bull rally pushed it to a high of 23956.10, breaking the 15m Supply Zone and entering the 30m Supply Zone highlighted in the previous analysis. It closed at 23907.25, gaining an impressive 557 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. As highlighted in earlier posts, "If it holds the support (23350), we might see some bullish momentum till 23900 - 24250." Nifty delivered on this expectation, hitting the target of 23900. However, with the Daily Trend (50 SMA) still negative, caution is advised at levels above 24000 unless the trend turns positive and sustains. Demand/Support Zones Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support (61.8% FIBO): 23189.88 Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24004.60 - 24336.80 Near Supply/Resistance Zone (75m): 24106.90 - 24242.00 Far Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (75m): 24636.75 - 24741.45
NSE:NIFTY
by PriteshPalan